925-330-2795 info@chaoticcancellation.com

How to print 1099-DIV in Quickbooks

Interestingly enough I have one client that takes draws (ie dividend payments) for each stockholder but Quickbooks itself doesn’t really have a way to print out 1099-DIV statements however you can fool the system. If the Dividend payments are ordinary dividends, use the RENT box under 1099 preferences, if the payments are qualified dividends, use the ROYALITIES box under 1099 preferences since both of these boxes line up on a regular 1099-MISC statement form with the correct boxes on a 1099-DIV form.

Then run your 1099 wizard/report and print the 1099-DIV just like you would your 1099-MISC forms.

Submit a Comment

Your email address will not be published. Required fields are marked *